Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Telegram, primarily known as a messaging platform, held nearly $400 million in cryptocurrency in 2023, according to a report by the Financial Times. This amount was significantly larger than its cash and cash equivalents. The digital assets, including Toncoins, represented a substantial part of Telegram's financial strategy, comprising 40% of its revenue in 2023. These insights were revealed after FT Alphaville allegedly accessed Telegram's financial records for the year.
TELEGRAM’S $400M CRYPTO HOLDINGS REVEALED - An article from the Financial Times shares new insight into the inner workings of Telegram as a company, after ‘FT Alphaville’ allegedly gained access to its 2023 financials. - The big reveal is that, at the end of 2023, Telegram held… https://t.co/YGQ8t1ClYK https://t.co/CATm5KLmpr
So @telegram holds $400m worth of cryptocurrency on its balance sheet.
Some fascinating details on Telegram's crypto strategy : - Digital asset-related line items comprised 40% of revenue in 2023 (before further integration in 2024) - Telegram held $400m in Toncoins in 2023, more than cash and cash equivalents https://t.co/bbXBi2QtNb
